Good afternoon
The Leading Index in the US rose by 1,2% vs expected 1,3%, while Consumer Confidence rose by more than expected.
Car companies fell in Germany, as the European Comission is calling for stricter emission targets .
Not that much action in European stocks , and so far, not much change in the US either - but quadruple witching hour later today. This could be interesting in light of super-large positions from Softbank, and RobinHood-investors.
No big changes in gold, currencies, or base metals except for nickel, which slips below 15.000 US$ again.
Chalice - completed a well-attended site-visit of Julimar on Thursday. There is not much to see, but I guess it gives investors the opportunity to look at their exploration results in detail. The stock was up strongly again and was trading at a new high, when it was suspended pening new exploration results! It does not feel like anything negative coming up - so I am very curious to see the announcement on Monday or Tuesday!!
St Barbara - had a ground fall ( I have no idea, what that is vs a rock fall?? ), which will result in 8.000 oz being lost this Quarter - but according to the company, will be recovered fully in the Dec-Quarter. The reasing was seismic activity, which is a word I do not like. But as they described it, it was a very minor event, only involving 30t of rocks - which is nothing. Nevertheless, it highlights the risks of underground mining at this depth!
Tietto - very highly regard investor 1832 Asset Mgt became a substantial shareholder. This is a bit of a sleeper - their next resource statement is keenly awaited and should give us further clues as to the quality of their asset, which could hold 3 mill oz at the next estimate, but is far from being closed off and still has significant potential going forward. Tietto are extremely cashed up with no more capital raisings to come until the decision to mine!
Have a nice weekend!
WS
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